CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
As Europe begins a tentative re-opening following several difficult months of quarantining, social distancing, and working-from-home, we spoke to CMS’s Warsaw-based Employment Partner Katarzyna Dulewicz and Vienna-based Dispute Resolution Partner Daniela Karollus-Bruner for their perspective on the process.
Government institutions in Turkey are continuing to take various measures to mitigate the economic impact of the ongoing COVID-19 pandemic. At its meeting on April 2, 2020, the Energy Market Regulatory Authority (EMRA) adopted a new decision (the “Decision”) accepting the COVID-19 pandemic as a “force majeure” event under Article 35 of the Electricity Market Licensing Regulation (the “Licensing Regulation”) and Article 19 of the Regulation on Unlicensed Electricity Production in the Electricity Market (the “Unlicensed Regulation”). The decision was published in the Official Gazette on April 4, 2020.
Moral & Partners has advised the minority shareholders of Turquoise Yacht — formerly known as Proteksan — on the sale of 40% of the shares of Turquoise Yacht to the Al Barwani Group.
Moral & Partners have advised Taxim Capital on acquisition of all shares of Doganay Gida, a Turkish manufacturer of non-carbonated beverages, sauces, and vinegars. Gun & Partners reportedly advised the unidentified sellers.
Paksoy and Germany's Schulteriesenkampff law firm have advised Imerys on the acquisition of a 60% stake in the Haznedar Group, via its subsidiary Calderys Deutschland GmbH, from several individual shareholders. The AK Law Firm advised the sellers on the deal, which is expected to close in the last quarter of 2020.
BTS Partners has advised Qnbeyond ventures on an unspecified investment in Ikas, a software-as-a-services commerce platform for small-and-medium enterprises.
In Turkey, a local and centralized commercial electronic communication management system (IYS) for obtaining, exercising, and tracking opt-in/opt-out requests as well as complaints from recipients of electronic commercial communications was established under the supervision of the Ministry of Trade, the competent authority, in line with recent amendments to the Regulation on Commercial Communication and Commercial Electronic Messages. Also, a company has been incorporated solely for the establishment and management of IYS on behalf of the institution authorized by the Ministry (IYSCo).
White & Case and its associated Turkish firm, GKC Partners, have advised Zynga Inc. on its USD 168 million acquisition of an 80% stake in Rollic, a mobile games developer and publisher, from Mehmet Can Yavuz, Deniz Basaran, Burak Vardal, Volkan Bicer, Mehmet Ayan, and Yunus Emre Gonul. Caliskan Okkan Toker advised the sellers on the deal, which is expected to close on October 1, 2020.
The TOCC Attorney Partnership has advised Akbank subsidiary AKLease on its EUR 40 million financing from the EBRD. Dentons reportedly advised the EBRD on the deal.
Ali Selim Demirel has been promoted to Partner at the Esin Attorney Partnership in Turkey.
BTS & Partners has advised TechOne Venture Capital and Twozero Ventures, funds managed by Actus Asset Management, on an unspecified investment in FineDine Digital Menus for Restaurants, Cafes & Bars.
Turkey's Aksan Law Firm has advised Albaraka Asset Management on its investment in Clotie, an e-commerce company that provides personalized clothing services.
Baker McKenzie has advised PKN Orlen on a revolving facility agreement under English law with a consortium of 16 banks. Clifford Chance advised the lenders on the deal.
An interview with Asli Basgoz of White & Case and Emre Ozsar of GKC Partners about their firms’ work on the CEE 2019 Deal of the Year for Turkey: Sisal’s successful bid to operate the Turkish State Lottery.
Bora Kaya, the former Managing Legal Counsel at Gama Power Systems Engineering and Contracting, has become Chief Legal Officer of Gama Holding.
Altug Ozgun, Astella Pharma's Ethics & Compliance Director in Turkey, is joining the recently established Cetinkaya Attorneys-at-Law firm as a Partner.
Antitrust authorities follow closely the transformation in communication technologies with the intent to preserve the efficiency of their investigative practices and evidence search, during handling their cases. Otherwise the authorities will be on the verge of losing their operability in detecting and proving infringements. A fresh amendment on Turkish Competition Act clarifies Turkish Competition Authority’s (TCA) powers associated with down-raid regarding digital documents. In this brief article, we authored TCA’s recent Burdur LPG Case, TCA imposed fine on LPG retailers of the city of Burdur, based on the evidence extracted from WhatsApp communication between executives of the undertakings.
Turkish lawyers Semih Metin and Seval Cicek have founded the MC Legal law firm in Istanbul.
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